What's happened
Goldman Sachs recently promoted 95 executives to partner, marking a significant milestone for the firm. This class includes 26 women and is the largest since CEO David Solomon took over in 2018. The promotions reflect the firm's ongoing success amid a surge in dealmaking activity.
Why it matters
What the papers say
According to Reed Alexander from Business Insider UK, the recent partner promotions at Goldman Sachs are a significant event, highlighting the firm's commitment to recognizing talent and fostering diversity. Alexander notes that the celebrations included personal calls from top executives, emphasizing the emotional weight of the achievement. The New York Post adds that this year's class is the largest since David Solomon became CEO, reflecting the firm's robust performance amid a surge in dealmaking activity. The Post also highlights the financial implications of partnership, where base salaries can reach nearly $1 million, with bonuses potentially increasing total compensation to several million. This financial incentive is crucial for attracting and retaining top talent in a competitive market.
How we got here
Goldman Sachs has a biennial tradition of promoting senior executives to partner, a role that represents the pinnacle of achievement within the firm. This year's class is notable for its size and diversity, reflecting broader trends in the financial industry.
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The Goldman Sachs Group, Inc., is an American multinational investment bank and financial services company headquartered in New York City.
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John Waldron may refer to:
John Waldron (police officer) (1910–1975), commissioner of the London Metropolitan Police from 1968 to 1972
John C. Waldron (1900–1942), American torpedo squadron commander killed at the Battle of Midway
Jack Waldron (baske
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David Solomon may refer to:
David Solomon (artist) (born 1976), American artist and painter
David Solomon (TV producer), American television director and producer
David Solomon (writer), Australian educator, scholar and writer
David Solomon, sperm donor.